The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation operating as an independent agency created by the Glass Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, up to $250,000 per depositor per bank as of January 2012.
For more information FDIC insurance coverage, visit www.fdic.gov.
Electronic Deposit Insurance Estimator (EDIE)
If you have more than $250,000 on deposit in the bank, you may have more--or less--deposit insurance coverage than you think. Use EDIE--Online to calculate your FDIC insurance coverage. Call a banker at First Bank today to ask them if you are fully covered.